MARGINAL RATE OF TRANSFORMATION
Rate at which a producer needs to sacrifice one unit of good in order to produce an extra or marginal unit of an additional good, supposedly both goods require the same low input. This is tied to production possibilities frontier (PPF), displaying the output potential for two commodities that use the same resources. In other words, producing more of one good signifies producing less of the other, for these resources are effectively distributed.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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